Trinity Walk, Wakefield

Introduction

A loan from Yorkshire Forward meant that Trinity Walk, a major £180m shopping centre (500,000sqft) development in Wakefield city centre, could continue. Over 300 construction jobs were secured and the project is now due to be completed by summer 2011. 

Summary

Trinity Walk shopping centre is a new 500,000 sq ft in the heart of Wakefield, being built on a 28 acre site. The partially enclosed shopping centre will be home to over 40 stores and anchored by Sainsbury’s and Debenhams – Wakefield’s first modern department store. There will also be 1000 car parking spaces with direct access from Wakefield’s inner city ring road (A61). Directly opposite the city’s central bus station and market hall.

The Trinity Walk project started in 2008 and was one third completed when the economic downturn took grip in early 2009 and the project was put into administration by the bank.

A new consortium including AREA Partners was identified to take the project forward,  but to continue it required public support with a £7m loan (Wakefield Council £2m and Yorkshire Forward £5m).

Due to the complex funding structure over a dozen legal agreements required completing including gaining Departmental approval for the Agency to grant a loan. The deal was finally concluded an hour before the midnight 31 March deadline. Over 300 construction jobs were secured and the project is now due to be completed by summer 2011. 

Find out more at www.trinitywalk.com.

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